Head and Shoulders formed last year and the pattern is still in tact.
SInce the breakdown there has been a strong range bounded formation which has made this trade very lacklustre to hold.
Now that it's broken below the rectangle shows a more promising move to the original target.
200 >21>7
Target R54.82
ABOUT OMN
Omnia Holdings is a South African chemicals and fertilizer company that was founded in 1953.
The company operates in over 50 countries, with a focus on Africa, Europe, and South America.
Omnia has three main business segments: agriculture, mining, and chemicals.
The company's agriculture division provides a wide range of crop nutrients and plant protection products to farmers.
Omnia's mining division supplies explosives and blasting services to the mining industry.
The chemicals division produces and markets a variety of chemicals, including acids, alkalis, and organic and inorganic compounds.
SInce the breakdown there has been a strong range bounded formation which has made this trade very lacklustre to hold.
Now that it's broken below the rectangle shows a more promising move to the original target.
200 >21>7
Target R54.82
ABOUT OMN
Omnia Holdings is a South African chemicals and fertilizer company that was founded in 1953.
The company operates in over 50 countries, with a focus on Africa, Europe, and South America.
Omnia has three main business segments: agriculture, mining, and chemicals.
The company's agriculture division provides a wide range of crop nutrients and plant protection products to farmers.
Omnia's mining division supplies explosives and blasting services to the mining industry.
The chemicals division produces and markets a variety of chemicals, including acids, alkalis, and organic and inorganic compounds.
✅ Facebook:
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🌐Website:
www.timonandmati.com
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discord.gg/c8f37kyv35
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twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
www.facebook.com/groups/matitrader
🌐Website:
www.timonandmati.com
💰FREE Discord:
discord.gg/c8f37kyv35
Twitter:
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)